A perfectly competitive firm's short-run supply curve is the:
a. demand curve above the marginal revenue curve.
b. same as the market supply curve.
c. marginal cost curve above the average variable cost curve.
d. average total cost curve.
c
You might also like to view...
From a psychological point of view, could we talk ourselves out of a recession simply by having business and government leaders express optimistic statements?
What will be an ideal response?
A full-time student who did not have a job and was not looking for work would be categorized as
What will be an ideal response?
Which of the following would increase a country's Economic Freedom of the World rating?
A) reliance on central planning rather than open markets B) monetary instability and trade restrictions C) free trade and low taxes D) extensive regulation and restricted entry into markets
Capital gains tax cuts inevitably benefit
A. low-income workers. B. retired persons. C. workers in large cities. D. high-income stock owners.